OJSC DemirBank for the first half 2012 net profit after tax of 2.35 million manat, which is 2.5 times more than the figure recorded a year earlier. The bank's earnings were equal to 24.65 million manat and the expenditures were 22.31 million manat, increasing by 10% and 4.7%.
The assets increased in January-June, up 12.9% to 403.79 million manat. The volume of issued and corporate loans grew by 8.5% and amounted to 272.77 million manat.
The total liabilities of the bank increased from 312.78 million to 356.75 million manat. The deposit portfolio increased by 10.2% to 163.63 million manat, including term client investments that increased by 13.5% to 118.62 million manat.
The balance capital grew by 4.9% to 47.05 million manat, and the total capital - by 3.2% to 51.53 million manat. The paid authorized capital remained at the level of AZN 21 million. - 15B-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review